Regulatory News

Introductory statement by Director Gerry Cross, Director of Financial Regulation – Policy and Risk, at the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach

18 April 2019 Speech Mr Chairman, Honourable Members of the Committee, Thank you for inviting us here today to discuss the future framework for Accountability in the Banking Sector. As this is an issue inextricably linked to various aspects of the Central Bank’s responsibilities I am joined here today by […]

Regulatory News

Policymakers must look beyond the short-term horizon of the macro-financial cycle and ensure financial and fiscal resilience against tail risks – Governor Philip R. Lane

16 April 2019 Press Release Imperative to build the resilience of both the financial system and the public finances against tail risks. As the national macroprudential authority, the Central Bank has requested the power to activate the Systemic Risk Buffer from the Minister for Finance.  Systemic Risk Buffer […]

Regulatory News

“While not a substitute for effective regulation, the Culture Board has an important role to play in challenging industry” – Director General Derville Rowland

15 April 2019 Press Release Launch of Culture Board a welcome initiative in building consumer focused culture in retail banks. Need for change is clear. There is much to be done to restore trust and improve governance, culture and standards across the system. The Central Bank will closely […]

Regulatory News

‘Firms have the first line of responsibility to ensure that people working in key roles are fit and proper to hold those positions’ – Central Bank of Ireland

08 April 2019 Press Release Fitness and Probity regime critical to protecting public interest and ensuring confidence in the financial system. Central Bank reminds firms of legal obligations to ensure individuals working in regulated firms meet the highest standard of competence, integrity and honesty. Central Bank expects firms […]